Government disburses Rs 1,596 crore in six PLI schemes during April-September this fiscal

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The authorities has disbursed Rs 1,596 crore nether Production-Linked Incentive (PLI) schemes for six sectors, including electronics and pharma, during the April-September this fiscal, an authoritative said.

The authorities successful 2021 announced PLI schemes for 14 sectors specified arsenic telecommunication, achromatic goods, textiles, manufacturing of aesculapian devices, automobiles, speciality steel, nutrient products, high-efficiency star PV modules, precocious chemistry compartment battery, drones, and pharma with an outlay of Rs 1.97 lakh crore.

Out of the full Rs 1,596 crore, the maximum magnitude of Rs 964 crore was disbursed nether the PLI strategy for large-scale electronics manufacturing.

It was followed by pharma (Rs 604 crore), nutrient products (Rs 11 crore), telecom (Rs 9 crore), bulk drugs (Rs 6 crore) and drones (Rs 2 crore).

Incentives disbursed till 2023-24 stood astatine Rs 9,721 crore, the authoritative said adding the strategy is having a cascading effect connected the country's MSME ecosystem.

The anchor units that volition beryllium built successful each assemblage volition necessitate a caller supplier basal successful the full worth chain. Most of these ancillary units volition beryllium built successful the MSME sector.

Further arsenic of August 2024, crossed 14 sectors, concern of Rs 1.46 lakh crore person been realised, which has resulted successful incremental production/sales of implicit Rs 12.50 lakh crore, employment procreation of implicit 9.5 lakhs, and exports surpassing Rs 4 lakh crore. Over 760 applications person been approved nether PLI schemes.

The departments implementing their respective schemes are liable for the disbursals.

The scheme's purpose is to pull investments successful cardinal sectors and cutting-edge technology; guarantee efficiency, bring economies of size and standard successful the manufacturing assemblage and marque Indian companies and manufacturers globally competitive.

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